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At the federal level, budget cuts at the Internal Revenue Service since 2010 have coincided with a decline in corporate auditors, audits and collections, records show.
"Total revenue agent audit hours aimed at larger corporations — those with $250 million or more in assets — dropped by more than one third (34%)," according to a report by the Transactional Records Access Clearinghouse at Syracuse University. "In the same period, the resulting additional taxes the agents uncovered that has been lost to the government dropped by almost two thirds (64%) — from $23.7 billion down to $8.5 billion."
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